This
contains UNCERTIFIED COPY for information/reference. For authentic
copy, please refer to certified copy only. In case
of any
mistake,
please bring it to our notice.
| LegalB's Resources |
| South Africa NATIONAL LEGISLATION OVERVIEWS  |
||
Financial
Matters Amendment Act, No. 18 of 2019
NOTE: Assented to and published in English, with alternative copy in Afrikaans
NOTE: Assented to and published in English, with alternative copy in Afrikaans
Long title
To amend the Insolvency Act, 1936, so as to provide for a process when a creditor realizes his or her security in terms of a master agreement and for a power for the Master to deal with disputes raised by the trustee and other creditors regarding preference of that secured creditor; the Military Pensions Act, 1976, so as to provide for all categories of spouses and for life partners of members by amending, inserting and deleting certain definitions; and by providing for both genders throughout the Act and regulating the registration of a spouse to qualify for benefits upon the death of a member; the Banks Act, 1990, so as to regard national state-owned companies as public companies for purposes of the application of the Banks Act; to determine prerequisites for these companies and their holding companies to qualify to apply for establishment as a bank; and to provide for inconsistencies between the Banks Act and certain other legislation with respect to state-owned companies; and the Government Employees Pension Law, 1996, so as to replace the divorce debt approach with a pensionable service reduction approach to adjust the benefit of a member of the Government Employees Pension Fund following a pension interest assigned to a former spouse of the member as result of a decree of divorce or for the dissolution of a customary marriage; and to provide for a transitional measure.
Table of contents
| SECTION | TITLE |
| 1. | Amendment of section 83 of Act 24 of 1936... |
| 2. | Amendment of section 1 of Act 84 of 1976... |
| 3. | Amendment of section 3 of Act 84 of 1976... |
| 4. | Amendment of section 4 of Act 84 of 1976... |
| 5. | Insertion of section 4B in Act 84 of 1976 |
| 6. | Amendment of section 10 of Act 84 of 1976... |
| 7. | Amendment of section 11 of Act 84 of 1976... |
| 8. | Amendment of section 12 of Act 84 of 1976... |
| 9. | Insertion of certain words in Act 84 of 1976 |
| 10. | Amendment of section 1 of Act 94 of 1990... |
| 11. | Amendment of section 12 of Act 94 of 1990... |
| 12. | Amendment of section 24A of Government Employees Pension Law, 1996... |
| 13. | Transitional measure applicable to Government Employees Pension Law, 1996 |
| 14. | Short title |
Legislation Text Access Point
| Versions [To check whether a version has commenced, and how it was commenced, please see the Timeline for the Act, and the Annotated Text for the version.] |
Access Official Gazette PDF | Request Subscription Fee | Subscriber Access |
| As unamended Act 2019_018_000_20190523 | EXT.LINK | REQ.INFO | LINK |
| As amended by ... | N/A | REQ.INFO | LINK |
* LegalB refers to a "version" of an Act or its sections in the format "YYYY_NNN_SSS_YYYYMMDD", which refers to "YEAR OF ACT_ACT NUMBER_SECTION OF ACT_DATE OF GAZETTE", and where "DATE OF GAZETTE" refers to the "YEAR_MONTH_DAY" on the face of the Gazette in which either the Act was originally published or in which the amending, lapsing or repealing instrument was published. Where any segment of the reference string contains only zeros, it means that information is not relevant, not made available, or unavailable.
* Unbolded grey text in square brackets is additional information provided by LegalB.
* "..." indicates further information not provided by LegalB for purpose of brevity
* An Asterisk indicates uncertainty regarding information, and a double asterisk indicates information must be read in the light of our relevant Commentary.